"We have addressed all the policy issues. If there are more to be addressed, we will address them. This is really the question of who is an entrepreneur. So we need you all to step forward, put in the money, and make it happen," he said.

Despite being one of the fastest growing domestic aviation markets in the world, local carriers have been facing tough business conditions, especially with surging oil prices and depreciation of the rupee.

While asserting that the government remains committed to the disinvestment of Air India, Union minister Jayant Sinha told the Rajya Sabha that the national carrier has shown "considerable improvement" in operational and financial parameters in the recent past.

The regulations would be unveiled after extensive consultations with the security agencies, the manufacturers, the global regulators and innovators, Minister of State for Civil Aviation Jayant Sinha said at an event today.

"Our timelines are very clear and our goal is to award it (Air India) by the end of June and to have the whole transaction closed and done and the transfer of airline to the private sector by the end of this calendar year" said Sinha

Finance Minister Arun Jaitley will on Thursday meet industry representatives to discuss problems they have with the Goods and Services Tax (GST), reported PTI on Wednesday. Here are 10 things you need to know about the context and expected subject matter of the meeting: